Grant Private Wealth Management Inc Makes New Investment in International Business Machines Co. (NYSE:IBM)

Grant Private Wealth Management Inc bought a new position in shares of International Business Machines Co. (NYSE:IBM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,180 shares of the technology company's stock, valued at approximately $479,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Bank lifted its position in shares of International Business Machines by 53.3% in the third quarter. United Bank now owns 5,628 shares of the technology company's stock valued at $1,244,000 after buying an additional 1,956 shares during the last quarter. Edgestream Partners L.P. raised its stake in International Business Machines by 21.1% in the 3rd quarter. Edgestream Partners L.P. now owns 6,304 shares of the technology company's stock valued at $1,394,000 after acquiring an additional 1,098 shares during the period. Janus Henderson Group PLC boosted its position in International Business Machines by 26.6% during the third quarter. Janus Henderson Group PLC now owns 871,064 shares of the technology company's stock worth $192,557,000 after purchasing an additional 183,141 shares during the period. IHT Wealth Management LLC increased its holdings in shares of International Business Machines by 28.0% in the third quarter. IHT Wealth Management LLC now owns 19,829 shares of the technology company's stock valued at $4,375,000 after purchasing an additional 4,332 shares during the last quarter. Finally, Pinnacle Family Advisors LLC acquired a new position in shares of International Business Machines in the third quarter valued at $210,000. 58.96% of the stock is owned by institutional investors.

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International Business Machines Price Performance

NYSE:IBM traded down $6.50 during trading hours on Thursday, hitting $243.49. 5,305,333 shares of the company's stock traded hands, compared to its average volume of 4,124,184. International Business Machines Co. has a 52 week low of $162.62 and a 52 week high of $266.45. The business's fifty day simple moving average is $251.41 and its two-hundred day simple moving average is $232.34. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. The firm has a market cap of $225.77 billion, a P/E ratio of 37.99, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. On average, research analysts anticipate that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price objective on International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Oppenheimer started coverage on International Business Machines in a research report on Tuesday, February 11th. They set an "outperform" rating and a $320.00 price objective on the stock. Wedbush assumed coverage on shares of International Business Machines in a research report on Monday, February 3rd. They issued an "outperform" rating for the company. Finally, Morgan Stanley raised their price target on shares of International Business Machines from $217.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $231.13.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.